Overlay Protocol (OVL) Airdrop Resumes Airdrop activity has come back online—trading and distribution for the Overlay Protocol $OVL token resumed at 07:30 UTC on August 14, 2025. Eligible participants could claim 111 OVL tokens, contingent upon holding at least 200 Alpha Points. If tokens remained unclaimed, the points requirement was designed to drop by 15 points each hour, offering more flexibility—though claiming still needed to happen within a 24-hour window.
Ethereum $ETH : Whale Accumulation and Price Momentum Whales—those holding between 1,000 and 10,000 ETH—added over $2.5 billion in inflows within a single day, one of the most aggressive accumulation waves since 2018. In the past two weeks, they've collectively purchased approximately 1.13 million ETH (worth about $4.18 billion), signaling a serious tightening of supply and growing institutional interest. Currently, ETH is trading around $4,724, and prediction markets are showing an 87% chance it hits $5,000 by the end of August.
Standard Chartered's Bullish Forecast for ETH Standard Chartered has sharply increased its price expectations for Ethereum. The institution raised its year-end target from $4,000 to $7,500 and now foresees ETH potentially reaching $25,000 by 2028. This optimism stems from rising corporate treasury demand—now comprising up to 10% of total Ether supply—and broader industry improvements.
Final Thoughts
This week, market chatter is dominated by renewed momentum in token distribution, concentrated accumulation in Ethereum, and optimistic institutional forecasts for ETH’s value trajectory. Whether you're an active trader or a strategic HODLer, these developments bear watching—each could play a role in shaping short- to long-term price dynamics.
